> There is an uncharitable view (sometimes expressed internally too) that Minerva as a whole is a grand exercise in NIH syndrome.
My brief experience with this (in an adjacent area - proprietary trading) was that the more charitable view is that these firms need to be able to fully own their software stacks, and have the resources to pay for that luxury.
Reading these descriptions from the article, I can't help drawing a connection to the Smalltalk ecosystem. It sounds like, to at least some extent, what these banks have built is a system that exhibits many of the more interesting characteristics of an enterprise Smalltalk system, only on top of a tech stack that they could own from top to bottom.
My brief experience with this (in an adjacent area - proprietary trading) was that the more charitable view is that these firms need to be able to fully own their software stacks, and have the resources to pay for that luxury.
Reading these descriptions from the article, I can't help drawing a connection to the Smalltalk ecosystem. It sounds like, to at least some extent, what these banks have built is a system that exhibits many of the more interesting characteristics of an enterprise Smalltalk system, only on top of a tech stack that they could own from top to bottom.